TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK

TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK


TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK

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Rate last updated: 02/01/2014 11:15:04 AM

Daily Business News Flash May 25, 2022

Banks asked not to quote higher than BC selling rate

The central bank on Tuesday issued a fresh directive for quoting rates to the overseas exchange houses engaged in remitting money, aimed at reining in volatility on the forex market. The authorised dealer (AD) banks have been asked not to quote higher than the BC (bills for collection) selling rate under any circumstance. Besides, the banks will have to provide information on purchasing foreign currency from the overseas exchange houses as per the prescribed format on a daily basis from now on. The BB’s latest move came against the backdrop of volatility in the forex market in the recent months as some banks were allegedly quoting higher rates to their customers bypassing the announced rates. The US currency was quoted at Tk 87.90 each on the inter-bank market on Tuesday — unchanged from the previous level — while the rate for the sale of bills for collection, generally known as BC, was Tk 88.00. In the current fiscal year (FY 2021-22), The central bank has so far sold $5.76 billion from the reserves directly to the commercial banks to facilitate settling their import-payment obligations. The local currency lost its value by Tk 2.10 or 2.45 per cent since January 2022. The dollar was traded at Tk 85.80 on January 08 last.

Source: https://today.thefinancialexpress.com.bd/first-page/banks-asked-not-to-quote-higher-than-bc-selling-rate-1653415664

48% mobile phone customers in Bangladesh have a smartphone

Smartphone penetration in Bangladesh is fast approaching 50 per cent as the coronavirus pandemic has accelerated the adoption of digital technologies to work, study and find entertainment using smart devices. Pre-virus, 38 per cent of mobile phone customers in the country had a smart device. Currently, it stands at 48 per cent. Presently, there is about 58 per cent tax on smartphone imports, whereas the tax on the locally assembled and manufactured handsets is around 15 per cent. Since FY18, 14 plants have been set up in Bangladesh, creating jobs for around 16,000 people. and another four are in the pipeline. The number of locally manufactured handsets was 2.6 crore in the last fiscal year, with smartphones accounting for 42 per cent. From March 2020 to March 2022, mobile network operators added 1.8 crore new internet users, taking the total number of subscribers to 11.39 crore. Around 50 per cent of Banglalink’s 38.70 million subscribers have smart devices at the present, while 42 per cent of Grameenphone’s 83.87 million users use smartphones. Device manufacturers sold 2.85 million smartphones in the January-March quarter, up by only 20,000 devices compared to the same quarter a year ago.

Source: https://www.thedailystar.net/business/telecom/news/smartphone-penetration-fast-approaching-50pc-3031216

Samsung Group commits $356b in investments

South Korean conglomerate Samsung Group on Tuesday unveiled a massive 450 trillion won ($356 billion) investment blueprint for the next five years aimed at making it a frontrunner in a wide range of sectors from semiconductors to biologics. The 80,000 new jobs would be created “primarily in core businesses including semiconductors and biopharmaceuticals” through 2026. Of the 450 trillion won Samsung plans to spend over the next five years, it will commit 360 trillion won to South Korea.

Source: https://www.thedailystar.net/business/organisation-news/news/samsung-group-commits-356b-investments-3031121

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 31,928.62
↑ 48.38↑ 0.15 %
FTSE100$ 7,484.35↓ 29.09↓ 0.39 %
Nikkei 225$ 26,771.13↑ 22.99↑ 0.09 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 111.09↑ 1.32↑ 1.20 %
Crude Oil (Brent)$ 114.89↑ 1.33↑ 1.17 %
Gold Spot$ 1,862.50↓ 3.95↓ 0.21 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 87.9000
GBP 1BDT 110.6837
EUR 1BDT 93.9915

*World Commodities & Local and Global Stock Indices data are taken from bloomberg.com<

* Exchange Rates are taken from BB website, as on latest update.<




Dear Valued Patrons,

At the very onset, let me express my heartiest gratitude for allowing us to serve you and I also wanted to reach out to you directly with an assurance that Dhaka Bank is fully equipped to support you during this difficult time.

Last couple of weeks ago we all were living in a peaceful condition, performing our daily tasks freely and perfectly. Entire economy and business environment was also in a good shape, until COVID-19 put a forceful stoppage to the overall life style and economy of the world. We all know that social distancing and cleanliness are the keys to prevent this pandemic. Hence, we urge your conscious effort to limiting public interaction and suspending wherever possible.

In this current situation, Dhaka Bank and its employees are beside you where we are fully online, either working from home or at our offices under a robust Business Continuity Plan (BCP) to serve you with limited branch banking and a full-fledged alternate delivery channel services.

Our state of the art Mobile App, Dhaka Bank GO (Click https://bit.ly/2WVfieu) and Internet Banking - Dhaka Bank Direct gives you the freedom of banking online anytime from anywhere. You can check the balance and transfer money to any designated Banks including any Dhaka Bank or bKash Account, make utility bill payments and mobile top-up through our Mobile App and Internet Banking Services. Our ATMs are also running efficiently with availability of sufficient cash for your convenience where you can make cash withdrawals whenever the need arises. Mentionable, the withdrawal of cash from any ATMs within Bangladesh with Dhaka Bank Debit Cards are absolutely free of charges up till April 30, 2020 (Dhaka Bank will bear the cost). Our corporate customers can also use our completely safe and secured online platform Dhaka Bank C-Solution for Payments, Inter Bank Fund Transfers, etc.

Moreover, to fulfill your urgent requirement, we have a limited no. of branches up and running by ensuring all kinds of precautionary and safety measures for you.

In case of extreme emergency and facing difficulties in conducting banking transactions, please let us know through our 24/7 Contact Center number 16474 (or, dial +8809678016474 for ISD/Overseas Calls). We are always with you to combat your difficulties.

As you know we are going through a critical phase and the situation is novel to all of us. We are getting lot of new information from various sources everyday about COVID-19 which will be shared at www.dhakabankltd.com.

Thank you for your trust and continued support to us. I firmly believe that jointly we will be able to combat this situation and win against all the odds.

Please stay home, stay safe and take care of yourself and family.

Best regards,

Emranul Huq
Managing Director & CEO
Dhaka Bank Limited